New Delhi: In the midst of the existential crisis faced by the company, CEO of Vodafone CEO Ravinder Takkar has reached employees who try to convince them, and have urged staff to continue to focus on providing quality services to customers and maintaining the intensity on the market.
The move occurred after billionaire Mangalam Birla on Wednesday fell as Chairperson of Vodafone Idea Ltd., within two months offered to submit the shares of Aditya Birla Group on Telco which was full of debt to the government, in an effort to maintain telecommunications companies.
Floating.
Takkar, in his communication, has urged employees to continue to focus on providing quality services to customers, maintaining the intensity in the market to win and give goals.
He also communicates upper level changes, to employees, said source.
Emails sent to the idea of ​​Vodafone (VIL) about this problem, do not get a response.
Meanwhile, Vodafone based in the UK refused to comment on the report that suggested it was ready to offer its free vocational shares to Indian banks, financial institutions or Bharat Sanchar Nigam (BSNL), provided they took over mobile.
telephone company.
“We will not comment,” Vodafone said in response to a letter sent by PTI.
On Wednesday, Vil had told the stock exchange that Birla would resign as a non-executive director and non-executive chairman of the Board with the effects of the end of work hours on that day.
It did not give a reason for Birla’s decision.
He will be replaced by Himanshu Jaaiai (who previously managed the Director and CEO of the idea of ​​Birla cellular) as the new Chairperson of Vodafone Idea Ltd Supreme Court, last month, has rejected the petition by telecommunications companies, including the idea of ​​Vodafone and Bharti Airtel, to improve the alleged errors in acceptance calculations Adjustable gross (AGR) -Rated contributions, paid by them.
According to official data, Vil has the responsibility of the AGR RS 58.254 Crore where the company has paid Rs 7,854.37 Crore and Rs 50.399.63 Crore extraordinary.
Birla has, in June this year, offers to submit group ownership in the idea of ​​Vodafone Laden Debt Ltd (VIL) to the government or other entities that may be considered decent, to ensure that the company remains a concern.
In a letter to the Cabinet Secretary of Rajiv Gauba on June 7, Birla said investors did not want to invest in companies in the absence of AGR accountability clarity (legal contributions), adequate moratorium on spectrum payments and “the most important price determination regime above.
Service costs”.
Without direct active support from the government on three problems in July, the VIL’s financial situation will come to the “unreasonable collapse point”, said Birla.
“With a sense of duty on 27 Indian Crore connected by Vil, I am more than willing to give up my ownership in the company for each entity – the public / government sectors / domestic financial agencies or others can consider eligible to keep the company as worries,” said Birla in the letter.
In September 2020, Vil had received approval from the council to increase up to RS 25,000 Crore.
However, the company has not been able to raise funds so far.
According to Birla’s letter, Vil has not approached Chinese investors.
Foreign investors, most non-China, are hesitant in making investments in companies for reasons that can be understood, he writes.
The dirty debt of the Vil, excluding liability, reached Rs 1,80,310 Crore on March 31, 2021.
The amount includes the spectrum payment obligation of the spectrum of 96,270 crore and debt from the Bank and Financial Institution Rs 23,080 Crore, regardless of responsibility.
Previously, Vodafone Idea Ltd.
has also approached the government to find a one-year moratorium on installment of more spectrum installments than Rs 8,200 Crore, due in April 2022.
Vil, in a letter to the telecommunications secretary on June 25, 2021, said it would be “unable to pay installment RS 8.292 Crore matured on April 9, 2022 “because” cash is used for AGR payments (customized gross income) and operation inability to generate predator money in the price of the Predator of the situation “.